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BGIN Blockchain Limited reports developments in digital asset mining technology, ASIC mining hardware and self-mining operations. The company designs and manufactures mining machines under the ICERIVER brand, develops proprietary chips such as the BT1 Bitcoin mining ASIC, and provides mining infrastructure, hosting services and mining pool activity tied to cryptocurrencies including Bitcoin, Dogecoin and KAS.
Company news commonly covers financial results, earnings calls, chip tape-outs and system validation, mining-machine sales, hosted equipment matters, intellectual property actions involving the ICERIVER trademark, and product concepts aimed at broader access to cryptocurrency mining.
BGIN BLOCKCHAIN LIMITED (NASDAQ: BGIN) announced the appointment of MaloneBailey, LLP as its independent registered public accounting firm, effective December 12, 2025, replacing ZH CPA, LLC.
The engagement was approved by the Audit Committee and Board of Directors after a comprehensive evaluation. MaloneBailey is described as having extensive experience auditing companies in the cryptocurrency sector, which the company says positions the firm to support BGIN’s operations and long-term growth. The company thanked ZH CPA for four years of service and professionalism.
BGIN (NASDAQ: BGIN) reported unaudited results for the six months ended June 30, 2025. Total revenue was US$47.7 million versus US$144.5 million in 1H 2024. Mining revenue rose 164.4% to US$30.8 million, driven by expanded deployment of KAS mining machines, while revenue from mining machine sales fell to US$9.7 million (6,618 units sold vs. 47,252 in 1H 2024). Costs of revenue were US$54.0 million, yielding a gross loss of US$6.3 million compared with a US$84.8 million gross profit a year earlier. Operating expenses rose to US$55.1 million, including a US$19.1 million impairment and a US$13.3 million fair value crypto loss. Basic and diluted net loss per share was US$0.56 in 1H 2025.
BGIN BLOCKCHAIN LIMITED (Nasdaq: BGIN) priced an initial public offering of 5,000,000 Class A ordinary shares at US$6.00 per share, with expected gross proceeds of approximately US$30 million. The shares are approved for listing on the Nasdaq Global Market and are expected to begin trading on October 21, 2025 under the symbol BGIN. The offering is expected to close on or about October 22, 2025 and includes a 15% over-allotment option exercisable within 45 days. Proceeds are intended for mining farm purchase/construction, R&D of proprietary mining chips, and general corporate purposes.